Finance Bill — New Clause 9 — Reintroduce 10% Initial Rate of Income Tax — 1 Jul 2013 at 19:45
George Osborne MP, Tatton did not vote.
The majority of MPs voted against the reintroduction of an initial income tax band on which tax would be levied at a rate of 10%.
The proposal before MPs involved paying for the new lower rate of tax from a new ""mansion tax" (a proposed property tax, where, for example, properties valued at over £2 million could attract an annual tax of 1%)
The rejected motion which was the subject of the vote stated:
- (1) The Chancellor of the Exchequer shall, within six months of Royal Assent, lay before Parliament proposals for an income tax rate of 10 per cent. on a band of income above the personal allowance.
- (2) The range of income covered by the 10 per cent. rate proposal in subsection (1) shall be determined by the Exchequer yield of a mansion tax.
- (3) The full benefit of the 10 per cent. rate shall not be available to taxpayers paying the higher or additional rates of tax.’.
An initial income tax band with a 10% rate existed until it was abolished by Gordon Brown as chancellor in March 2007; this a decision he has subsequently described as a mistake, and Labour's Ed Miliband has pledged to reintroduce the 10% rate band.
-  Budget 2007
-  Brown admits mistakes over 10p tax rate, Andrew Sparrow, The Guardian, Wednesday 30 April 2008
-  Ed Miliband pledges to bring back 10p tax band, Patrick Wintour, The Guardian, Thursday 14 February 2013
Votes by party, red entries are votes against the majority for that party.
What are Boths? An MP can vote both aye and no in the same division. The boths page explains this.
What is Turnout? This is measured against the total membership of the party at the time of the vote.
|Party||Majority (No)||Minority (Aye)||Both||Turnout|
|Con||246 (+1 tell)||0||0||81.0%|
|Lab||0||215 (+2 tell)||0||84.1%|
|LDem||35 (+1 tell)||0||0||64.3%|